Form 4: SunCoke Energy Director Martha Z. Carnes Reports Acquisition of Restricted Share Units

Director Martha Z. Carnes reports the acquisition of 12,311 restricted share units (RSUs) of SunCoke Energy, Inc. on May 16, 2024, under the company's Omnibus Long-Term Incentive Plan.

Summary

• On May 16, 2024, Martha Z. Carnes, a director of SunCoke Energy, Inc., reported the acquisition of 12,311 restricted share units (RSUs).
• The RSUs were granted under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan and are exempt under Rule 16b-3.
• These RSUs will be settled in shares of common stock following the termination of Board service.
• The conversion rate for the RSUs is 1 for 1.
• Following the transaction, Ms. Carnes directly owns 39,150 derivative securities.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The grant of RSUs is a standard practice, and there are no indications of unusual or concerning activity.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The award was made under the company's Omnibus Long-Term Incentive Plan, suggesting a structured approach to executive compensation.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Equity-based compensation, such as RSUs, is a common practice among publicly traded companies to incentivize directors and executives.
• The specific terms of the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan would need to be compared to similar plans at peer companies to assess its competitiveness and alignment with industry standards.
• Companies like Arch Resources and Peabody Energy also utilize equity-based compensation for their directors.

Stakeholder Impact

• The grant of RSUs could have a minor positive impact on shareholder sentiment by aligning director interests with long-term company performance.

Key Dates